Crypto

Bitmine buys 76,882 more ether in week, nears 5 percent supply target

Bitmine has bought an additional 76,882 ether over the past week, lifting its holdings to 4.66 percent of total supply. As of June 14, it held 5,620,754 ether, about 93 percent of its stated goal to secure 5 percent. The company said the holdings were valued at about $9.3 billion, with total assets of $10.4 billion. It has staked 4,718,677 ether and expects annual staking rewards of about $219 million.

Crypto

XRP 27-dollar scenario hinges on clearing $1.66 then reclaiming $2

XRP has entered a zone where major technical signals overlap, raising the possibility of a move toward the $27 range over the medium to long term, an analysis showed. The scenario requires XRP to break above $1.66, the upper boundary of a falling wedge, and then reclaim $2. Analysts also cited Fibonacci-based targets of $8.48, $13.70, $18.06 and $27.68, while warning a failed breakout could reopen downside levels at $1.21, $0.90 and $0.60.